News
Investors bet on Ghana’s first lithium mine with $16 million push into booming battery market
3+ hour, 19+ min ago (448+ words) A group of Ghanaian pension funds has committed up to $11 million to Atlantic Lithium, in a landmark local investment that could help bring the country's first lithium mine into production as Africa races to supply the global battery market. The…...
Africa’s largest bauxite producer is considering export controls that could shake the global market
1+ day, 3+ hour ago (543+ words) Africa's largest bauxite producer, Guinea, is currently discussing strategies with miners to regulate the amount of the mineral it supplies to the global market and shield the nation from a price decline. The new initiative was disclosed by a few…...
Kenyan startup raises $25 million to meet high demand for affordable electric motorcycles
2+ day, 4+ hour ago (361+ words) Kenyan electric motorcycle manufacturer Zeno has raised $25 million in a Series A financing round to scale production of its electric motorbikes and expand its battery'swapping network across East Africa. The funding comes at a time when investor appetite for clean…...
The EV graveyard grows: Here is every electric car automakers have discontinued in the US this year
5+ day, 4+ hour ago (168+ words) American EV sales are slumping. Since September 2025, when the federal $7,500 tax credit for US-made EVs ended, fewer shoppers have chosen a battery-powered car for their next set of wheels. In February 2026, EV sales fell 45.2%, per CarGurus' data shared with Business…...
China’s Sinomine in talks to persuade Zimbabwe to roll back lithium decision
5+ day, 1+ hour ago (304+ words) The Chinese mining and resource development company Sinomine Resource Group is looking to re-ignite business with Zimbabwe, Africa's largest lithium producer. The Chinese mining company recently disclosed that it is in talks with Zimbabwe to yet again tap into the…...
Elon Musk says Tesla expects to increase its human workforce as AI and robotics boost productivity
5+ day, 9+ hour ago (293+ words) As companies conduct AI-induced layoffs, Elon Musk expects to do the exact opposite at Tesla. The CEO said during the Abundance Summit on Wednesday that workforce reductions aren't in the cards for Tesla and that he expects to raise headcount,…...
A look into Kenya's $2.9 billion electricity plan
5+ day, 23+ hour ago (403+ words) To enhance power generation and satisfy energy requirements, Kenya has launched an energy initiative valued at $2.9 billion. The East African country has set plans in motion to construct a 1,200-megawatt gas-fired power plant to meet its growing demand for electricity....
Chinese brands break into South Africa's top car sales amid shift toward cheaper vehicles
1+ week, 7+ hour ago (485+ words) Chinese automakers are rapidly gaining ground in South Africa's automotive market as consumers increasingly shift toward cheaper vehicles amid economic pressure and rising living costs. Recent sales data highlighted by Bloomberg shows that Chery has climbed to become the second-largest…...
British mining firm discovers graphite deposit in Uganda amid US–China race for EV battery minerals dominance
1+ week, 2+ day ago (542+ words) British mining firm Blencowe Resources has announced the discovery of a new graphite deposit at its Orom-Cross project in northern Uganda, a development that could strengthen the country's role in Africa's fast-growing battery minerals industry. The company revealed on March…...
Mining giant Rio Tinto approves $473 million South Africa project to extend mine life to 2050 as regulator welcomes investment
1+ week, 6+ day ago (442+ words) Rio Tinto has approved an investment of about $473 million (R8.5 billion) to restart the Zulti South project in KwaZulu-Natal, marking a major step to revive a project that had been suspended for several years due to security concerns and community unrest....